The Business Research Company’s Self Service Coffee Machine Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Self Service Coffee Machine Global Market Report 2023 evaluates self service coffee machine market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global self-service coffee machine market is expected to grow from $5.32 billion in 2022 to $5.89 billion in 2023 at a compound annual growth rate (CAGR) of 10.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The self-service coffee machine market is expected to reach $8.52 billion in 2027 at a CAGR of 9.7%.
Rising coffee consumption is expected to propel the growth of the self-service coffee machine market going forward. Coffee consumption refers to consuming or drinking coffee as a beverage. Coffee is a popular beverage made from roasted coffee beans, which are the seeds of the coffee plant. Self-service coffee machines play a significant role in coffee consumption by being easily accessible, convenient, and customizable for consumers. Self-service coffee machines’ ease of use, customization options, and wide availability make them popular for coffee consumption in various settings like hotels, restaurants, cafes, workplaces, and others. For instance, in March 2022, according to the NCA (National Coffee Association), a US-based trade association, 66% of Americans regularly consume coffee in 2022, more than any other beverage (including tap water), and an increase of about 14% since January 2021. Compared to 80% in January 2020, 84% of coffee consumers now report having coffee at home. Therefore, rising coffee consumption is driving the growth of the self-service coffee machine market.
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The self service coffee machine market segments in the report are:
1) By Sales Type: Machine Sales, Rental Service
2) By Distribution Channel: Direct Sale, Indirect Sale
3) By Application: Hospitality, Offices, Other Applications
The table of contents in TBRC’s self service coffee machine market report includes:
- Executive Summary
- Self Service Coffee Machine Market Characteristics
- Self Service Coffee Machine Market Trends And Strategies
- Self Service Coffee Machine Market – Macro Economic Scenario
- Self Service Coffee Machine Market Segmentation.
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- Global Self Service Coffee Machine Market Competitive Benchmarking
- Global Self Service Coffee Machine Market Competitive Dashboard
- Key Mergers And Acquisitions In The Self Service Coffee Machine Market
- Self Service Coffee Machine Market Future Outlook and Potential Analysis
- Appendix
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